EXPLORATION LIMITED SINCE '70S IN LIBYA'S SIRTE BASIN

03/13/1995
David Thomas Thomas & Associates Hastings England Esso Standard made the first Libyan oil discovery in the western Ghadames basin in 1957. The Atshan-2 well tested oil from Devonian sandstones, and the play was a continuation of the Paleozoic trend found productive in the neighboring Edjeleh region of eastern Algeria. Exploration in the Sirte basin began in earnest in 1958. Within the next 10 years, 16 major oil fields had been discovered, each with recoverable reserves greater than 500 million bbl of oil (Fig. 1) (153180 bytes) (Table 1). (27656 bytes) Libya currently produces under OPEC quota approximately 1.4 million b/d ...
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